ebook Journalizing Sales Transactions Enter the following transactions in a sales journal. Use a 4% sales tax rate. 1 Sept. 1: Sold merchandise on account to K. Smith, $1,400, plus sales tax. Sale No. 228. 3: Sold merchandise on account to J. Arnes, $2,900, plus sales tax. Sale No. 229. 5: Sold merchandise on account to M. Denison, $2,900, plus sales tax. Sale No. 230. 7: Sold merchandise on account to B. Marshall, $1,800, plus sales tax. Sale No. 231